China: Ausnutria Dairy Corp, Li Ning, Ping An Insurance (H), Vipshop Holdings, Beijing Airdoc Technology, Uju Holding, HeMo Bioengineering, Alibaba Group, Asia High Yield Bond Index and more

In today's briefing: – Yili's Pre-Conditional Offer & Ausnutria (1717 HK)'s Crowded Register – Li Ning (2331 HK) Top-Up Placement: Not Much Immediate Passive Inflow – Ping An Insurance - Another Abysmal Result – Vipshop: Cheapest It Has Ever Been – Beijing Airdoc Technology IPO: Forecasts and Valuation – Uju Holding IPO - Margin Compression Looks to Persist – Uju Holding IPO - Asking Valuation Is a Stretch – HeMo Bioengineering (禾木生物工程) Pre-IPO: Signs of Lacking Innovation – Alibaba (BABA): E-Commerce in New National Plan – Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers Before it's here,…